As I said before when Elmer said, "you won't believe the numbers" it was when he was talking about the CAPEX, not the FS results. The CAPEX was kept down. You see, in Elmer's world that might be an unbelievable achievement, that doesn't make him a liar because you aren't impressed.

The FS was delayed because of Tetra Tech. That was clearly explained and TT did not argue. Once the delay was realized Elmer delayed even further to include the silver and the 2011 drill results. As it turned out that made the FS positive and was very important.

The FS was released with at least three statements clearly explaining how to account for the difference and the loss of the waste-not.

I know I made a number of errors when anticipating the FS. I thought the CAPEX was the most important thing. I didn't have the experience to realize that it might be possible to have mineral resources that were proven by drilling turn out to be not profitable to extract and therefore not mineral reserves in the FS. That is the fundamental point of any FS.

Also, the OPEX increased and I didn't think about that.

Then there was the difference in metals prices. For example, molybdenum represented 50% of our revenue in the PFS but only 12% in the FS. This is because the price of moly dropped by about half. Again, couldn't be avoided.